AFI Properties Ltd. (TLV: AFPR)

AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	890.59	798.27	617.06	555.5	405.91	420.12
Property Management Fees	294.05	270.29	268.49	189.34	127.09	123.15
Other Revenue	269.07	303.77	275.74	402.83	414.57	336.02
Total Revenue	1,454	1,372	1,161	1,148	947.56	879.29
Revenue Growth (YoY	18.03%	18.17%	1.19%	21.12%	7.77%	-9.84%
Property Expenses	606.19	612.59	592.86	567.5	477.95	447.47
Selling, General & Administrative	120.1	110.41	136.01	83.7	86.09	78.29
Other Operating Expenses	16.88	15.57	6.33	-2.61	-3.51	4.3
Total Operating Expenses	743.17	738.57	735.2	648.59	560.53	530.07
Operating Income	710.54	633.76	426.09	499.08	387.04	349.22
Interest Expense	-396	-422.1	-340.25	-251.66	-148.94	-166.24
Interest & Investment Income	-11.01	50.93	35.86	26.86	11.69	9.84
Income (Loss) on Equity Investments	33.16	33.16	50.4	89.57	12.76	7.73
Currency Exchange Gain (Loss)	93.29	93.29	77.41	-114.68	4.28	-46.91
Other Non-Operating Income	-201.03	-201.03	-61.25	149.49	-20.81	25.61
EBT Excluding Unusual Items	228.96	188.01	188.26	398.67	246.01	179.25
Impairment of Goodwill	-	-	-	-	-	-5.81
Gain (Loss) on Sale of Investments	-	-	86	-	-	-1.23
Gain (Loss) on Sale of Assets	-	-	-	-	-	5.42
Asset Writedown	215.2	58.08	472.71	542.59	-194.47	352.32
Total Legal Settlements	-	-	-	-	-1.13	-
Other Unusual Items	23.47	20.47	-6.63	-9.3	-	14.82
Pretax Income	467.63	266.56	740.33	931.96	50.41	544.76
Income Tax Expense	100.5	53.27	152.65	143.31	32.24	106.64
Earnings From Continuing Operations	367.13	213.29	587.69	788.65	18.17	438.12
Net Income to Company	367.13	213.29	587.69	788.65	18.17	438.12
Minority Interest in Earnings	-2.15	-1.89	-2.2	-1.32	0.92	-50.95
Net Income	364.97	211.4	585.49	787.34	19.09	387.17
Net Income to Common	364.97	211.4	585.49	787.34	19.09	387.17
Net Income Growth	157.92%	-63.89%	-25.64%	4024.12%	-95.07%	13.72%
Basic Shares Outstanding	38	38	38	36	34	29
Diluted Shares Outstanding	38	38	38	36	34	29
Shares Change (YoY)	-0.07%	0.43%	4.51%	5.58%	19.11%	1.13%
EPS (Basic)	9.60	5.56	15.52	21.83	0.56	13.44
EPS (Diluted)	9.60	5.56	15.46	21.73	0.56	13.44
EPS Growth	158.07%	-64.04%	-28.85%	3803.57%	-95.86%	12.49%
Dividend Per Share	-	-	-	1.380	-	-
Operating Margin	48.88%	46.18%	36.69%	43.49%	40.85%	39.72%
Profit Margin	25.11%	15.40%	50.42%	68.60%	2.01%	44.03%
Free Cash Flow Margin	44.54%	37.44%	45.20%	46.51%	34.36%	29.13%
EBITDA	716.05	638.34	430.23	503.29	392.83	359.55
EBITDA Margin	49.26%	46.52%	37.05%	43.85%	41.46%	40.89%
D&A For Ebitda	5.51	4.58	4.14	4.21	5.8	10.33
EBIT	710.54	633.76	426.09	499.08	387.04	349.22
EBIT Margin	48.88%	46.18%	36.69%	43.49%	40.85%	39.72%
Effective Tax Rate	21.49%	19.98%	20.62%	15.38%	63.96%	19.58%

Source: S&P Capital IQ. Real Estate template. Financial Sources.